SHW · 10-Q · 2026Q1 · Full report

Consumer Brands Profitability Improvement

SHERWIN WILLIAMS CO · 2026-04-28 · Importance 60 · Surprise 74

Income before income taxes for the Consumer Brands Group increased materially, with the segment's income rising $65.3 million (49.5%) year-over-year in Q1 2026; gross profit increased $99.8 million. Management attributes the improvement primarily to the Suvinil acquisition and global supply chain efficiencies, which also improved the Consumer Brands gross profit margin. The segment's income-before-tax margin expanded to 21.7% of sales from 17.3% a year ago, signaling sizable operating leverage from the acquisition and efficiency gains. This performance contributed disproportionately to consolidated earnings growth for the quarter.

Key facts

• Consumer Brands Group Gross profit increased $99.8 million in the quarter ended March 31, 2026 versus the quarter ended March 31, 2025 primarily due to the acquisition of Suvinil and global supply chain efficiencies.